Does a Property-Specific Environmental Health Risk Create a “ Neighborhood ” Housing-Price Stigma ? Arsenic in Private Well Water

@inproceedings{Boyle2009DoesAP,
  title={Does a Property-Specific Environmental Health Risk Create a “ Neighborhood ” Housing-Price Stigma ? Arsenic in Private Well Water},
  author={Kevin J. Boyle and Nicolai V. Kuminoff and Congwen Zhang},
  year={2009}
}
This paper examines the impact of arsenic contamination of groundwater on sale prices of residential properties and bare-land transactions in two Maine towns, Buxton and Hollis, that rely on private wells to supply their drinking water. Prompted by tests of well water by the State of Maine, media attention focused on the communities in 1993 and 1994 when 14% of private wells were found to have arsenic concentrations exceeding the EPA standard of 0.05 mg/l. Households could mitigate the serious… CONTINUE READING